£270M - UK Record

[BunkMoreland]

Nick Candy (Reform UK donor and 1 half of the Candy Brothers property empire) sells his Chelsea Mansion "Providence House" for £270m

https://www.standard.co.uk/news/london/nick-candy-...

Seems a lot!




https://candyldn.com/projects/

[abzmike]

Well he does have a divorce to pay for.

[AB]

Didn't realise Holly was back on the market. Excellent news.

[Countdown]

AB said:

Didn't realise Holly was back on the market. Excellent news.

Normally I'd agree with you but

https://archive.ph/S1ujH

[JoshSm]

Suspect the house is incidental to that transaction. Like a lot of ones with a Candy attached seem to be.

[Countdown]

JoshSm said:

Suspect the house is incidental to that transaction. Like a lot of ones with a Candy attached seem to be.

AIUI he's a super successful property developer bloke. Are you implying something underhand?

[AB]

Countdown said:

AB said:

Didn't realise Holly was back on the market. Excellent news.

Normally I'd agree with you but

https://archive.ph/S1ujH

Oh bloody hell, she needs rescuing. Suppose it means there's hope for the rest of us.

[OzzyR1]

Think around 3,000 people globally are classed as a "billionaire".

Even at the the bottom end of that category, the buyer would still have £700m+ to manage on.

The vast majority of people imagine a billion to be the "next step up" from a million & while appreciating it is a lot more, often don't realise how massive the difference actually is.

If you tell someone that it if they started to count upwards from 1 at the rate of one number per second, then assuming they did this 24-hours a day it would take around 11 days before they reached 1 million.

Then ask them how much longer they think it would take to count to 1 billion at the same rate.

Many think that if it takes 11 days to count to a million, then 6 months or a year should be enough for a billion.

The actual answer is c. 32 years.

[hidetheelephants]

Oh good, he'll have plenty of money to pay the taxman with when they do him for the tax evasion which he admitted to.

[_Rodders_]

£32m in stamp duty. Although I'm sure there's a way round that at this level.

[JoshSm]

Countdown said:

JoshSm said:

Suspect the house is incidental to that transaction. Like a lot of ones with a Candy attached seem to be.

AIUI he's a super successful property developer bloke. Are you implying something underhand?

You'd have to ask them, they're lovely people.

They get some massive numbers for some properties that aren't that nice. Especially impressive performance given the market isn't that strong.

Lots of their stuff seems to end up just as an asset to store & transfer value, the actual property itself doesn't really seem to matter.

[OzzyR1]

hidetheelephants said:

Oh good, he'll have plenty of money to pay the taxman with when they do him for the tax evasion which he admitted to.

Pretty sure he would never have admitted to tax evasion - where are you getting that from?

[hidetheelephants]

Allegedly he was boasting about how he diddled the taxpayer in some emails that ended up as part of the endless Epstein files. Silly boy.

[quigonjay]

Has more money ever been laundered in a single transaction? No way is that worth even a fraction of that

[acer12]

Countdown said:

AB said:

Didn't realise Holly was back on the market. Excellent news.

Normally I'd agree with you but

https://archive.ph/S1ujH

Candy is a slimy snake so part of me had a good laugh at this. His kids might have Tommy Robinson as their new dad. For once he can’t buy everything

[Turn7]

OzzyR1 said:

Think around 3,000 people globally are classed as a "billionaire".

Even at the the bottom end of that category, the buyer would still have £700m+ to manage on.

The vast majority of people imagine a billion to be the "next step up" from a million & while appreciating it is a lot more, often don't realise how massive the difference actually is.

If you tell someone that it if they started to count upwards from 1 at the rate of one number per second, then assuming they did this 24-hours a day it would take around 11 days before they reached 1 million.

Then ask them how much longer they think it would take to count to 1 billion at the same rate.

Many think that if it takes 11 days to count to a million, then 6 months or a year should be enough for a billion.

The actual answer is c. 32 years.

Interesting, thanks for posting that.

[TA14]

quigonjay said:

Has more money ever been laundered in a single transaction? No way is that worth even a fraction of that

I was wondering that. Is this just a delaying tactic? If your house is worth £500,000 and you don't want to sell it for the divorce then market it at £900,000. This is just an extreme example.

[119]

_Rodders_ said:

£32m in stamp duty. Although I'm sure there's a way round that at this level.

He needs to have a chat with Ange.

[Simpo Two]

OzzyR1 said:

The vast majority of people imagine a billion to be the "next step up" from a million & while appreciating it is a lot more, often don't realise how massive the difference actually is.

If you tell someone that it if they started to count upwards from 1 at the rate of one number per second, then assuming they did this 24-hours a day it would take around 11 days before they reached 1 million.

Then ask them how much longer they think it would take to count to 1 billion at the same rate.

Many think that if it takes 11 days to count to a million, then 6 months or a year should be enough for a billion.

The actual answer is c. 32 years.

But wealth tends to be a percentage increase, not a straight line.

[DonkeyApple]

_Rodders_ said:

£32m in stamp duty. Although I'm sure there's a way round that at this level.

Not your house. Owned by an an SPV that in turn is owned by an offshore company. So only tax paid is PTM in the equity transaction and the £270 remains offshore to be borrowed against and the interest cost used to offset any incidental U.K. taxes derived from other activities.